Home BONDENT Group Completes Series C Financing Round of Hundreds of Millions of Yuan, Unveils Four New Products

BONDENT Group Completes Series C Financing Round of Hundreds of Millions of Yuan, Unveils Four New Products

Sep 24, 2017 16:10 CST Updated 16:10

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VCBeat (WeChat ID: vcbeat) has learned that on September 24, at the “Breaking Through, Transforming” launch event held in Shanghai, Tian Fangjun, Chairman of Born Dental Group, announced the completion ofQiming Venture Partners, Sunshine Property & Casualty Insurance, and Shanghai Health and Medical Industry FundCo-led the Series C financing round, and simultaneously released“Mei,” “Li,” “Xing,” and “Xiang” – Four New ProductsAmong them, the Smile Laser is a product imported from Italy, while Clear Aligners, dental imaging, and oral health management software are all new products independently developed by Born Dental Group.

 

Born Dental Group was established in 2009, with its original aspiration beingHelping Chinese Dentists Growa platform providing “integrated services” to dental healthcare institutions. From physician education and training, and the introduction of cutting-edge international technologies, to independent R&D and manufacturing in China, the company is committed to building a new, healthy dental healthcare ecosystem through the integration of industry and the Internet. It operates seven subsidiaries, 15 offices, and employs more than 500 staff members.


For years, Born has focused exclusively on three things: first, introducing and promoting advanced technologies and academic expertise from international dental specialties; second, introducingInternationally Advanced Equipment, thirdly, it focuses on developing China’s independent domestic dental industry and has successively received investments from IDG, JF Capital, Qiming Venture Partners, Sunshine Property & Casualty Insurance, and the Shanghai Health Industry Fund.Hundreds of Millions in Investment

 

In recent years, the private dental healthcare sector has experienced rapid growth; however, an excessive emphasis on marketing has resulted in a lack of brand identity for most private dental practices and low patient volumes. Meanwhile, the quality of dental education and technical proficiency varies significantly, with a severe shortage of highly skilled dentists.

 

According to reports, professional dentists are currently concentrated in oral healthcare institutions in large and medium-sized cities. In third- and fourth-tier cities and rural areas, the sector is dominated by traditional artisan-style practitioners—primarily individual dentists trained through apprenticeships. Furthermore, grassroots dentists lack access to standardized training systems and assessment criteria. In addition, the rapid expansion of some private medical practices has occurred without adequate standardized management systems.

 

In the field of dental medical devices, most high-endBasic Reliance on Imports for Dental Medical Devices, unable to reach the grassroots level, and lacking support from domestic brands. Domestic products suffer from insufficient R&D investment, a lack of independent innovation, and weak awareness of intellectual property rights.

 

To address the aforementioned issues, it has been reported that Born Dental Group has introduced advanced international dental medical equipment for its dentists, such as Leica microscopes from Germany’s century-old optical brand and DoctorSmile lasers from Italy, while also emphasizing the research and development of its proprietary brands.Invested heavily in the development of the BONDREAM series of dental CBCT systems, CBCT and Yixing dental chairs have earned customer trust with their superior quality.


In the realm of dental equipment and consumables, Beyond Dent has successively become the general distributor or strategic partner for brands such as Leica (Germany), Ritter (Germany), KaVo Kerr (Germany), Doctor Smile (Italy), EURONDA (Italy), and UNIVET (Italy). Its product portfolio encompasses comprehensive dental treatment units, positive and negative pressure systems, imaging equipment, sterilization and disinfection devices, microscopes, loupes, lasers, and a full range of necessary instruments and equipment.


In terms of specialized dental solutions, the company has established strategic partnerships with Germany’s VDW and Leica to provide comprehensive endodontic solutions; collaborates with the O2 brand under Henry Schein (USA) to offer orthodontic solutions; and partners with brands such as Kohler (Germany) in periodontics and implantology to deliver integrated periodontal and implant solutions.


Furthermore, the Group has partnered with the University of Michigan to offer advanced courses in periodontics and implantology, collaborated with the SOLA International Society for Laser Dentistry to provide its laser application series, and joined forces with the University of Edinburgh to deliver specialist training in orthodontics. Additionally, the Group has established its R&D and production base in Ziyang, Sichuan—home to China’s first full-chain oral health industry hub.

 

At the press conference held that day, professionals in the dental industry reached a consensus: all issues must be addressed by starting with the unique characteristics of the Chinese market, implementing transformation from the inside out to emerge like a butterfly breaking free from its cocoon.


The meeting featured in-depth discussions on innovating business models by moving away from traditional distribution channels to build a collaborative ecosystem for the dental industry; advancing conceptual innovation to keep pace with the times and develop smart dentistry solutions; pioneering intelligent manufacturing to master Industry 4.0-enabled customized services; and strengthening independent research and development through technological innovation.

 

It is reported that Boen Dental Group has implemented internationally leading management systems to help partners in its business community address pain points during their growth and deliver value at different stages. The group is committed to connecting patients, doctors, equipment, and manufacturers through the Internet of Things (IoT) and internet technologies, thereby enhancing overall efficiency and service quality in the dental industry and promoting tiered diagnosis and treatment as well as remote consultations.